Wednesday, August 10, 2022

NCL surpasses coal production target for FY21 with 115.05 MT of coal output

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New Delhi: Northern Coalfields Limited (NCL) has broken all its records in performance and is at the pinnacle since its inception. NCL surpassed its fiscal production milestone of 113 MT and produced 115.05 MT till year-end with 6.47 percent y-o-y growth. Amidst COVID-19 triggered lockdown, this historical achievement holds exceptional in NCL’s expedition.

In the same line, the company has also surpassed its Annual Overburden Removal (OBR) targets of 370 million cubic meter, and removed a whopping 374.17 million cubic metres of overburden with a y-o-y growth of 15.76 percent in this fiscal. The overburden is material above the coal seam, required to be removed above the coal layer for ready exposure. OBR is an important factor to determine a mining company’s output and growth.

On this magnificent achievement, NCL CMD Prabhat Kumar Sinha congratulated team NCL and stated that even in the testing time of pandemic our coal warriors have proven them-self with their unwavering commitment towards the energy security of the nation. The top management has expressed hopes that the company will continue to ride the wave with the same synergy.

NCL has also created history by dispatching 108.66 million tonnes of Coal in this fiscal, which is also the highest ever coal dispatch by the company since inception. Fulfilling the power aspiration of the nation in an unprecedented time, NCL supplied 87 percent of its total coal to power producers, also there was a about 14 percent increment in the average supply of coal rakes to upcountry consumers. Ease and relaxation to all consumers in terms of coal off-take and payments was provisioned adhering the guidelines from the Ministry of Coal.

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Promoting the sustainable and green mode of transportation, the company has supplied 12 percent more coal using rail mode to consumers. Also 2.3 percent growth was observed in the Merry-Go-Round (MGR) mode of coal transportation. NCL supplies about 52 million tonnes of coal through dedicated MGR transportation mode which is directly linked to thermal power plants (TPP). In a crucial pro-environmental step, a remarkable decline of 24 percent was seen in coal transportation through road mode in spite of y-o-y growth in the company's coal dispatch. 

NCL operates with 10 highly mechanised opencast coal mines spread in Singrauli and Sonbhadra District of MP and UP state respectively. NCL is eyeing 130 MT coal production by 2023-24 in its contribution to make India a self-reliant coal sector.

Disclaimer: This story is a press release and is being published without any editing by the PSU Watch desk. Our editorial team has only changed the headline.

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